The IEA expects oil demand to continue to be strong. Perhaps. I am not sure, a large part of this demand is China's "Teapot' refiners, and they are buying and selling product cheap into the Asian market. I don't know if this is real demand or if this is just taking other refiners sales, if so, it should cause a general decline in demand in the Asian markets roughly equal to the Teapots demand. Only time will tell. If it is false demand, the price of oil will need to fall.